Best Life Insurance Companies in Sunrise Manor, NV, for 2024

Life insurance protects your loved ones from financial hardship in the event of your death.

MoneyGeek’s comparison of life insurance companies in and around Sunrise Manor, Nevada, can help you choose the most affordable policy for your needs.

MassMutual offers the cheapest policy for men living in Sunrise Manor who want $250K of life insurance coverage, at about $10 per month. A woman, meanwhile, can get the same amount of coverage from the same provider for $8 per month.

However, Nevada recommends life insurance coverage of $788K, based on factors such as per capita income and average mortgage debt. This coverage amount from MassMutual will cost male buyers about $19 per month and female buyers $13 per month.

MoneyGeek’s research revealed that people living in Sunrise Manor pay less for life insurance than the average Nevada resident. Men generally pay 10% less and women 20% less.

The gap in insurance costs between men and women is significant because gender plays a big role in determining rates. The average man in the city pays about $17 for a policy with $250K of coverage, while the average woman spends $13 for the same plan.

On average, Nevada residents need $788K in life insurance, taking into account the per capita income from the U.S. Bureau of Economic Analysis, average debt and average age. Men pay about $39 for this coverage, and women pay about $29 monthly.

Additionally, men pay approximately $24 per month for a 10-year term policy regardless of the coverage limit, while women pay about $18.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Sunrise Manor using average buyer profile statistics, including the average age of 30, the average weight of 194 pounds for males and 153 pounds for females, and an average coverage need of $788,000.

Nevada’s three most popular life insurance companies are Prudential Financial Inc., New York Life and Lincoln Financial. Prudential Financial Inc. and New York Life each hold 6% of the state’s market share, while Lincoln Financial has a 5% share.

The table below lists Nevada’s top seven life insurance companies, along with their market shares. Combined, they make up 35% of the state's life insurance market.

It’s best to purchase life insurance while you’re young. Young adults in Sunrise Manor, Nevada, may expect to pay between $12 and $21 per month for life insurance. MoneyGeek identified Sunrise Manor's two most cost-effective life insurance companies for young people:

• Transamerica: $12 per month
• Mutual of Omaha: $14 per month

See other life insurance providers in Montgomery with their monthly prices below.

MoneyGeek analyzed quotes for a 25-year-old male non-smoker in Sunrise Manor who is 5 feet 10 inches and 165 pounds with a 20-year term contract at the average coverage need of $270K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Senior citizens’ life insurance premiums in Sunrise Manor vary from $35 to $72 per month. MoneyGeek identified the two insurance companies that charge seniors the lowest rates as:

• MassMutual: $35 per month
• Mutual of Omaha: $39 per month

Check the table below to view more life insurance companies charging the lowest premiums for seniors living in Sunrise Manor.

MoneyGeek analyzed quotes for a 60-year-old male non-smoker in Sunrise Manor who is 5 feet 10 inches and 194 pounds and purchases a 10-year term contract at the average coverage need of $80K.

Smokers should expect to pay between $97 and $220 per month for life insurance in Sunrise Manor, Nevada. According to MoneyGeek’s research, Sunrise Manor's most affordable life insurance companies for smokers are:

• Transamerica: $97 per month
• MassMutual: $116 per month

Scan the table below to learn which other insurers in this area offer affordable policies to smokers.

MoneyGeek analyzed quotes for a 30-year-old male smoker in Sunrise Manor who is 5 feet 10 inches and 194 pounds and purchases a 20-year term contract at the average coverage need of $788K.

If you are a smoker, we suggest buying a longer-term (20-year) policy, as rates for smokers dramatically increase as you age.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, personal debt and age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.